Mirasol Resources (MRZ) AI Stock Analysis

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Mirasol Resources

(TSXV:MRZ)

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Rating:40Underperform

Price Target:CAD 0.25▼(-5.00% Downside)

Action:downgraded

Date:10/30/26

The overall score is driven primarily by very weak financial performance, including zero revenue, negative equity, persistent losses, and negative cash flow. Weak technical positioning and a negative P/E ratio provide little offset, resulting in a score near the bottom of the permitted range.

Positive Factors

Discovery-led business modelA discovery-led model provides multiple potential routes to value creation, including advancing projects, selling interests, or forming partnerships. Although outcomes depend on exploration success, a portfolio of targets gives the company opportunities to create value beyond a single asset or development plan.

Negative Factors

No recurring revenue baseRevenue at effectively zero leaves the company without a demonstrated recurring operating income stream to fund exploration and corporate costs. This makes financial performance dependent on exploration outcomes, asset transactions, or external financing, reducing earnings visibility over the next several quarters.

Mirasol Resources (MRZ) vs. iShares MSCI Canada ETF (EWC)

Market Cap: CAD 25.25M
Dividend Yield: ―
Average Volume (3M): 30.35K
Price to Earnings (P/E): -7.0
Beta (1Y): 1.98
Revenue Growth: ―
EPS Growth: 70.90%
Country: Canada
Employees: 0
Sector: General
Sector Strength: 55
Industry: Other Precious Metals

Mirasol Resources Business Overview & Revenue Model

Company Description

Mirasol Resources Ltd. primarily engages in the acquisition and exploration of mineral assets, with its main focus areas being Chile and Argentina. The company actively seeks out deposits containing gold, silver, and copper. Among its key ventures ar...

Mirasol Resources Financial Statement Overview

Summary

The financial profile is at the minimum score because revenue remained zero, losses persisted, equity was negative, and operating and free cash flow stayed negative. Improvements in losses, debt, and cash usage were insufficient to offset the severe financial distress.

Income Statement

8Very Negative

Balance Sheet

10Very Negative

Cash Flow

12Very Negative

Financial statement breakdown
Breakdown	TTM	Jun 2026	Sep 2025	Sep 2024	Sep 2023	Sep 2022
Income Statement
Total Revenue	0	0	0	0	15.98K	496.70K
Gross Profit	-61.37K	-61.37K	-54.12K	-64.50K	-53.07K	399.94K
EBITDA	-6.18M	-7.12M	-9.85M	-8.84M	-9.70M	-4.95M
Net Income	-3.09M	-3.09M	-9.95M	-8.92M	-9.80M	-5.08M
Balance Sheet
Total Assets	2.50M	2.50M	3.35M	4.31M	10.19M	8.47M
Cash, Cash Equivalents and Short-Term Investments	1.22M	1.22M	1.68M	2.44M	8.28M	6.42M
Total Debt	1.75M	1.75M	2.80M	74.00K	140.81K	197.19K
Total Liabilities	2.71M	2.71M	3.57M	622.60K	885.35K	672.43K
Stockholders Equity	-210.31K	-210.31K	-220.51K	3.69M	9.31M	7.80M
Cash Flow
Free Cash Flow	-2.36M	-2.36M	-8.57M	-8.39M	-8.67M	-5.09M
Operating Cash Flow	-2.36M	-2.36M	-8.57M	-8.31M	-8.58M	-5.05M
Investing Cash Flow	-95.90K	-102.36K	-66.34K	322.13K	514.63K	479.38K
Financing Cash Flow	1.47M	1.47M	7.92M	2.26M	10.31M	-92.74K

Mirasol Resources Technical Analysis

Technical Analysis SentimentNegative

Last Price0.26

Price Trends

50DMA0.31Negative

100DMA0.32Negative

200DMA0.38Negative

Market Momentum

MACD-0.01Positive

RSI30.88Neutral

STOCH13.33Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MRZ, the sentiment is Negative. The current price of 0.26 is below the 20-day moving average (MA) of 0.29, below the 50-day MA of 0.31, and below the 200-day MA of 0.38, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 30.88 is Neutral, neither overbought nor oversold. The STOCH value of 13.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MRZ.

Mirasol Resources Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TSE:MRZ against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TSE:CAM	46Neutral	CAD 89.44M	-12.07	-36.02%	―	―	60.00%
TSE:DMET	46Neutral	CAD 36.29M	-1.38	-68.55%	―	3423.80%	-58.55%
TSE:WEX	44Neutral	CAD 35.58M	-5.76	-36.86%	―	―	47.55%
TSE:CN	41Neutral	CAD 18.23M	-24.00	-13.02%	―	―	84.71%
TSE:MRZ	40Underperform	CAD 24.81M	-6.99	-2918.94%	―	―	70.90%
TSE:GBU	38Underperform	CAD 24.95M	-2.46	36.17%	―	―	52.34%

* General Sector Average

Performance Comparison

TSE:MRZ and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TSE:MRZ	Mirasol Resources	0.26	-0.17	-39.53%
TSE:CN	Condor Resources	0.12	-0.04	-25.00%
TSE:WEX	Western Exploration Inc	0.57	-0.11	-16.18%
TSE:DMET	Denarius Metals Corp	0.58	0.00	0.00%
TSE:GBU	Gabriel Resources	0.09	0.01	20.00%
TSE:CAM	Cascadia Minerals Ltd	0.42	0.24	133.33%

Mirasol Resources Corporate Events

Business Operations and Strategy

Mirasol Resources Grants 3.9 Million Stock Options at $0.30 Exercise Price

Neutral

Oct 23, 2026

Mirasol Resources has granted 3,878,750 incentive stock options to employees, officers, directors and consultants under its shareholder-approved stock option plan. The options allow recipients to purchase common shares at an exercise price of $0.30 f...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 29, 2026

Mirasol Resources AI Stock Analysis